Help Protect Our Families: The Pandemic’s Effect on the Likelihood to Buy Life Insurance
Please join LIMRA and Life Happens to learn more about the recently released findings from the 11th annual Insurance Barometer Study.
Workplace Life Insurance Plays a Critical Role in Protecting Families
According to the 2021 Insurance Barometer Study, 57% of U.S. workers have life insurance through their workplace, and new LIMRA research finds two-thirds of employed Americans rely on workplace life insurance (theirs or another family member’s) to meet their life insurance needs.
Life Insurance Is a Key Component of Middle-Income Families’ Financial Security
Middle income families recognize the importance of life insurance. According to the 2021 Insurance Barometer Study, 70% of middle-income consumers (household income $50,000 to $99,999) believe they need life insurance coverage and more than a third (34%) say they plan to purchase coverage in 2021.